Govt approval of new gas pricing mechanism has led to lower CNG prices. Total cost of CNG vehicle ownership now likely to be 10-15% lower than for similar petrol-powered vehicle.
In recent years, fuel prices have been kept static for weeks before assembly polls, only to be changed soon after. However, there's no clarity over who's deciding the prices.
The survey comes ahead of the GST Council meeting Friday, which is likely to discuss bringing petrol, diesel and other petroleum products under the GST ambit.
While revenue gains from taxes on retail fuel are key for India to boost spending, RBI sees those levies, along with elevated crude prices, already pushing core inflation higher.
French newspaper La Tribune earlier last week indicated that UAE withdrew from deal to fund EUR 3.5 billion. India is looking to order 114 new Rafales, which could include the F5.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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